Question

Based on what you have read, if Jasmine works at the supermarket, what is her opportunity cost? working at a new job earning extra spending money gaining job experience missing out on playing basketball

Answer 1

The correct answer to this question is:  missing out on playing basketball.

Opportunity cost can be defined as the next best alternative given up by choosing the best option. In this case if Jasmine decides to work at the supermarket, she is gaining earning extra spending money gaining job experience as well, so that’s a gain. However she is at the same time missing out on playing basketball. So that is her opportunity cost.

Answer 2

missing out on playing basketball